Everything seemed to be going digital these days. Consumers are increasingly looking for safer and more efficient ways to perform all sorts of monetary transactions, from internet purchases to traditional bank transfers. You may use a “virtual dollar card,” which functions similarly to a debit card, for online transactions and purchases. In this article, we’ll look at the Virtual Dollar Card in Nigeria and everything it has to offer.
Why Do Individuals Use “Virtual Dollar Cards” In The First Place?
A Virtual Dollar Card (VDC) is a debit card that may only be used for online purchases. A virtual debit card can only be used online and does not have a physical form. As a result, it’s a safe way to execute financial transactions via the Internet.
There are several reasons why Nigerians can benefit from using a virtual dollar card. The peace of mind it gives is a significant benefit. Because you don’t have to provide businesses with your real-world name or account number while using a virtual debit card, your information is secure. Because your data is kept private, the possibility of fraud and theft is reduced.
Because they are simple to use, Virtual Dollar Cards are beneficial in Nigeria. You may use your virtual debit card to make purchases and pay for services from anywhere that have an internet connection. This is useful for frequent flyers since it eliminates the need to bring cash or a physical debit card.
How Exactly Do I Use A Virtual Dollar Card?
Before you can make use of a Virtual Dollar Card, you will first need to link it to your existing bank account. After the card has been activated, it may be utilized for making purchases and payments through the internet. When you make a purchase, the money will be taken out of your linked bank account and the transaction will be completed automatically. This method is efficient, uncomplicated, and risk-free.
What is Virtual Dollar Card?
Using a virtual dollar card, you can shop online, over the phone, or in-store without carrying around several payment methods. Virtual dollar cards are not connected to a specific bank account like traditional credit and debit cards are. Instead, they have a fixed balance and may only be used for that amount of money. What are virtual dollar cards, how do they function, and what are the pros and cons of using them? These questions and more will be answered in this article.
How Do Virtual Dollar Cards Work?
You don’t need a bank account to use a virtual dollar card; they function similarly to plastic credit and debit cards. Virtual dollar cards can be used in the same ways as regular credit cards once the desired amount of money has been loaded into the card. You can add extra money to the card if the current balance becomes low.
The Benefits of a Virtual Dollar Card
A virtual dollar card’s ease of use and portability is among its chief benefits. Virtual dollar cards, in contrast to traditional credit or debit cards, do not require a bank account, making them an appealing choice for those who do not have a bank account or who would instead not associate their financial details with their online purchasing accounts.
Another benefit of using virtual dollar cards is that they might aid in the process of budgeting. Because the card may only be used for purchases up to the amount stored on it, it’s simple to keep track of your finances and prevent overpaying. In addition, several reward programs are integrated with virtual dollar cards, allowing cardholders to earn points, cash back, or other incentives for making purchases.
Use of a Virtual Dollar Card Has Its Disadvantages
One major disadvantage of utilizing a virtual dollar card is that it can be more expensive than a regular credit or debit card. There are expenses associated with loading funds into, withdrawing funds from, and even going dormant with many virtual dollar card companies. Further, not all businesses accept virtual dollar cards, and some have restrictions on where they can be used.
Virtual dollar cards also have the potential security flaws of regular credit and debit cards. Virtual dollar cards lack the security features of debit and credit cards because they are not associated with a financial institution. There is no guarantee that you can get your money back if your virtual dollar card is lost or stolen.
Those who don’t have a bank account, those who don’t want to connect their banking information to their online shopping accounts, and those who want a simple payment option can all benefit from virtual dollar cards. Before deciding, though, you should weigh the benefits and drawbacks of utilizing a virtual dollar card.
Online payment firms, prepaid card issuers, and even certain banks all offer virtual dollar cards to their customers. It’s crucial to shop around for the finest virtual dollar card provider by comparing the costs, features, and incentives offered by each option.
The Top 6 Virtual Dollar Cards In Nigeria 2023
Nigerians have had access to virtual cards for some time, and they have quickly become a preferred way of payment. If you have a virtual card, you can avoid having to physically take cash from the bank whenever you want to make an online transaction. Those without a physical card or bank account might nevertheless benefit from this kind of card. The top 10 Virtual Dollar Cards in Nigeria are reviewed in this article.
From March 2022 onward, the monthly limit on foreign web transactions made with a Nigerian naira credit card will drop from $100 to $20, as most banks in Nigeria have either restricted the Naira card from being used to make such payments or cut its daily spending limit. Read more on
1. Barter By Flutterwave
Recently, Barter by Flutterwave, a virtual dollar card, was introduced in Nigeria as a convenient and safe way to make purchases. The card lets users make dollar transactions without cash. Online shoppers and international money senders will love it.
The virtual dollar card is increasingly used by online merchants and service providers to make transactions and send money abroad.
Finally, Nigeria’s Barter by Flutterwave virtual dollar card is safe, convenient, and innovative. The virtual dollar card is a great way to manage your money and make payments online.
You must have at least $5 in your account to create a virtual card. A monthly fee of $1 is added to the total cost of each virtual card, which is $2 in total. You need to download the barter app from the google play store or apple store respectively, then follow the on-screen instructions to register for an account, request a card, and add money to the account you just made.
2. Chipper Cash Visa Virtual Card
The chipper cash Visa virtual card lets you access funds anytime, anywhere. It can be used for internet purchases, bills, and service payments. The card has 24/7 customer service and fraud prevention.
Sign up for a Chipper Cash account and activate the virtual card option to use the Visa virtual card. The chipper cash Visa virtual card is a great way to make secure purchases or get your money.
3. ALAT Virtual Dollar Card
Wema Bank operates the ALAT Virtual Dollar Card, a full banking system that includes a bank account, real debit card, savings, loans, and one of the best virtual dollar cards in Nigeria. After you’ve created and funded your account, you may load up to $20,000 on the card immediately from your Naira balance and even convert the dollars back to Naira if necessary.
It is critical to understand that the ALAT virtual dollar card does not support 3D Secure and cannot be used on websites that allow you to transfer or receive money.
When it comes to receiving and sending money internationally, Payday is the easiest option for people in Africa. Payday provides its users with a virtual card and a wallet that may receive international wire transactions.
The card can be obtained without cost, but the user’s identity must be confirmed before usage. Payday has no restrictions.
5. Geepay Africa
Geepay is an online payment and financial system developed to receive payments for your gigs.
Collecting payments from online freelancing payment networks like UpWork, enables anyone to set up free foreign domicile accounts denominated in GBP, USD, or EUR.
As an employee, you now have the option to set up automatic payments, improve your credit score for access to loans, and receive a debit card for instant access to your funds.
Once you register for an account with Geepay, you will have the option to link an existing bank account, provide personal information including name, address, and contact information, and submit one of three acceptable forms of government-issued ID.
Once set up, you’ll have access to Geepay’s virtual and physical cards to make payments on millions of international websites, as well as receive and send money abroad. With this kind of virtual card, you will be able to expand your spending threshold that Nigerian banks have added to naira cards.
As a social fintech platform, changera caters to the needs of digital nomads, remote workers, and tourists. bitmama owns this crypto-powered platform, which can be used to make in-app purchases of things like airtime and data, as well as to send and receive money.
To begin using changera, you must first create an account by providing personal information and verifying your identity with a government-issued photo id such as a national identification number (NIN), driver’s license, or international passport.
If you’re seeking a hassle-free method of handling your money and sending money to loved ones in other countries, look no further. then perhaps changera is the platform for you.
In conclusion, in Nigeria, a virtual dollar card can be a practical, risk-free, and financially advantageous means of handling your financial needs. Benefit from utilizing US dollars without the need to carry around significant quantities of cash or make frequent currency exchanges when you find the correct virtual dollar card supplier.